BHEL gains on the BSE

Bharat Heavy Electricals Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500103 | NSE: BHEL

22 Nov 2019 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 55.90, up by 0.50 points or 0.90% from its previous closing of Rs. 55.40 on the BSE.

The scrip opened at Rs. 54.95 and has touched a high and low of Rs. 56.25 and Rs. 54.45 respectively. So far 463877 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.75 on 16-Apr-2019 and a 52 week low of Rs. 41.35 on 16-Oct-2019.

Last one week high and low of the scrip stood at Rs. 57.10 and Rs. 52.50 respectively. The current market cap of the company is Rs. 19447.32 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 30.45% and 6.38% respectively.

Credit rating agency -- CRISIL has revised long-term bank rating for Bharat Heavy Electricals (BHEL) from ‘AA+’ to ‘AA’ on weaker-than-expected operating performance and the continued decline in net cash levels in the first half of the current financial year (H1FY20). The rating on the short-term bank facilities has been reaffirmed at ‘A1+’.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.